South Dakota Statutes

§ 58-29B-138 — Director's application to liquidate assets of foreign or alien insurer--Grounds.

South Dakota·Title 58 INSURANCE·Ch. 58-29A INSURERS SUPERVISION, REHABILITATION AND LIQUIDATION

If a domiciliary receiver has not been appointed, the director may apply to the circuit court of Hughes County by verified petition for an order directing him to liquidate the assets found in this state of a foreign insurer or an alien insurer or an alien insurer not domiciled in this state, on any of the following grounds:

(1)Any of the grounds in § 58-29B-31 or 58-29B-41 ; or (2) Any of the grounds specified in subdivisions 58-29B-134(2) to (4), inclusive.

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South Dakota § 58-29B-138 (Director's application to liquidate assets of foreign or alien insurer--Grounds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1989, ch 436, § 138.

Nearby Sections

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